Summer Job Diaries: SEC Externship Exposes Student to Regulatory Cases

Alex Noghreian `26 spent his summer externing with the U.S. Securities and Exchange Commission, applying classroom knowledge to real investigative work. From drafting memoranda to supporting SEC enforcement efforts, the experience provided hands-on exposure to regulatory law, helping shape his overall career goals.

How did you land your summer job?

I landed my externship with the U.S. Securities and Exchange Commission (SEC) thanks to the dedicated support of my career development counselor at LMU Loyola Law School, Ariana Allen. She helped me carefully tailor my resume and cover letter to highlight how my academic and professional experiences aligned with the SEC’s mission. Although I was initially rejected, I remained determined to work at the agency. I revised my materials, conducted deeper research, and applied again with greater focus. That persistence paid off when I was accepted for a spring 2025 externship, which became one of the most formative experiences of my legal education so far.

What is the most interesting part of your job?

The most interesting part of working at the SEC was the opportunity to engage in real investigative work. Sitting in on witness calls, helping prepare for interviews, and assisting with trial motions gave me a firsthand view of the SEC’s enforcement process. It was exciting to see how legal theories, evidence, and regulatory frameworks came together in live investigations. Being part of those moments, especially when new facts emerged or strategic decisions were being made, was both intellectually stimulating and rewarding.

What has been your most challenging assignment thus far?

The most challenging assignment I worked on involved a detailed investigation into a suspected market manipulation scheme. The project required extensive fact-finding and analysis, and I was responsible for preparing a comprehensive internal report. I had to piece together transactional data, research precedents, and assess regulatory implications to help identify potential violations. The assignment challenged me to think critically and approach the work like a full member of the enforcement team.

What new legal skill have you acquired during your summer job?

During my externship, I developed the ability to draft legal memoranda with a stronger focus on enforcement strategy and evidentiary support. I learned how to identify key facts from large volumes of documents and organize them into concise, persuasive legal analysis. I also became more familiar with the SEC’s internal systems and regulatory tools, which helped me better support ongoing investigations and trial preparation.

What bit of legal knowledge have you been able to display?

My coursework at Loyola Law School provided a solid foundation that I was able to apply directly during my time at the SEC. My understanding of Business Associations and Evidence was especially useful. For example, I used concepts from my Business Associations class when reviewing potential violations of Section 10(b) and Rule 10b-5. I also relied on my legal writing training to communicate findings clearly and effectively. Applying what I had learned in class to actual enforcement work helped me grow both intellectually and professionally.

How has Loyola helped you map your career path?

LLS has played a major role in shaping my career path. From the start of my 1L year, Ariana Allen has supported me with job searches, resume and cover letter preparation, and interview strategy. She helped me tailor my materials for the SEC application and has continued to guide me through my applications to Big Law firms and other professional opportunities. LLS’ practical training, supportive staff, and engaged alumni have all helped me stay focused and confident in pursuing my goals.